OKLink, the Hong Kong-based global blockchain money transfer network, has announced a new partnership with e-wallet provider DOKU to offer digital wallet as a pay-out option for real-time money transfers to Indonesia. Electronic money and e-commerce is becoming increasingly popular, with transactions reaching USD 394 million last year.
In a country where less than 25% of the population have bank accounts, DOKU, an Indonesian payments company, currently provides digital payment services for over 20,000 merchants with direct connection to 15 banks in Indonesia. The DOKU Wallet allows consumers to top up their account via ATM, through cash at selected convenience stores, or by linking it with their credit card. Customers can then use it to make online purchases and other bill payments – without a credit card or bank account.
Lukman Hakim, Senior Manager of Cross Border Remittance at DOKU, said: “We are very pleased to welcome our partnership with OKLink. Access to cash-in points is essential to extend our global reach. Through this partnership we hope more customers will enjoy the convenience of sending their money home via DOKU.”
OKLink allows transfer companies worldwide to send money in real-time to 122 Indonesian banks for a 0.5%. Following this partnership, companies using OKLink can now make transfers to a DOKU Wallet for remittances to Indonesia. OKLink announced last month that it will subsidize all fees on the first US$100,000 of cross-border transfers for every partner on the OKLink network, up to a total of US$100 million. The initiative incentivizes money transfer companies to offer their customers the cheapest, fastest, and most transparent global remittance services.
Chief Strategy Officer at OKLink, Jack C. Liu remarked: “We are thrilled to work with Lukman and the entire DOKU team on this partnership. It’s eye-opening to see how quickly mobile payouts are capturing the developing market. In Indonesia, we are excited to now offer real-time mobile, cash, and account transfers to 122 banks. We continue to pursue low cost instant transfers to every payout country in every payout form.